India, Aug. 18 -- The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the pullback seen over the two previous sessions.
Weakness among technology stocks is likely to weigh on Wall Street, as reflected by the 1.3 percent slump by the tech-heavy Nasdaq 100 futures.
Tech stocks may come under pressure amid an increase in treasury yields, which has lifted the 30-year bond yield to its highest levels in nearly two decades.
Treasury yields are moving to the upside amid lingering concerns about the outlook for inflation due to the ongoing conflict in the Middle East.
U.S. crude oil futures are climbing by 0.8 percent after surging by 2.6 percent on Monday due to f...